Metallis Launches 2021 Exploration Program with Extensive ZTEM Survey over Kirkham
Metallis Launches 2021 Exploration Program
with Extensive ZTEM Survey over Kirkham
VANCOUVER, BC
,
June 22, 2021
/CNW/ -
Metallis Resources Inc.
(TSXV: MTS) (OTCQB:
MTLFF) (FSE: 0CVM) (the "Company" or "Metallis") reports that its 2021 exploration season is now
underway with the commencement of its previously announced (
See News
April 7, 2021
) property
wide Z-Axis Tipper Electromagnetic survey ("ZTEM" or "the Survey") at its 100%-owned Kirkham
Property (the "Property"). The Property is situated in the prolific
Eskay Camp
of the Golden Triangle
in northwestern
British Columbia
, a district known worldwide for the past producing Eskay Creek and
Snip gold mines, Seabridge's KSM porphyry deposits and Pretium's producing Brucejack gold mine.
Metallis' CEO
Fiore Aliperti
stated, "This is an incredibly exciting day for the Metallis technical team
as it marks the start of our most aggressive exploration program to date at our Kirkham Property.
The team has worked non-stop over the past two months developing both our ground and drilling
programs, a real collaborative effort by all our technical minds." He went on to add, "The first
members of the team have arrived at the camp, and soon we expect to announce details of the
upcoming drill program."
The Survey, being conducted by Geotech Ltd., comprises a total of 846 line-kms and is designed to
cover most of the 106 sq. km Property. Additionally, this survey will extend a short distance onto
adjacent lands held by Garibaldi Resources Corp. to the north and Eskay Mining Corp. to the east (
Click here to view map
). Survey data will be transmitted daily for analysis by Company Geophysicist
Dr.
Jules Lajoie
, who will provide guidance on initial interpretations. ZTEM™ is ideal for mapping
deeply buried, porphyry hosted and structurally controlled targets. Preliminary results from the
Survey will be utilized to help further refine the 2021 drill program due to start in the coming weeks.
Qualified Person
David Dupre
, P.Geo, Vice President - Exploration and the Qualified Person, as defined by National
Instrument 43-101, has reviewed, and approved the technical information contained in this release.
About the Kirkham Property
The wholly owned 106 sq. km Kirkham Property is located about 65 km north of
Stewart, B.C.
, in
the heart of the Golden Triangle's prolific
Eskay Camp
. The Property is prospective for multiple
mineral deposit types and is located along a strategic geological boundary – the "Red-line" exposed
on the western margin of the Eskay Rift system in the Golden Triangle, northwestern
British
Columbia
.
The Kirkham Property is contiguous to Garibaldi Resources Corp.'s E&L Nickel Mountain Project in
the north and Eskay Mining Corp. to the east. The property is within 12 km of the Eskay Creek mine
and within 12 – 20 km of Seabridge Gold's KSM deposits and Pretium Resources' Brucejack mine.
About Metallis
Metallis Resources Inc. is a
Vancouver
-based company focused on the exploration of gold, copper,
nickel, and silver at its 100%-owned Kirkham Property situated in northwest
British Columbia's
Golden Triangle. Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on
the OTCQB Exchange, and 0CVM on the Frankfurt Stock Exchange. The Company currently has
52,839,878 common shares issued and outstanding.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President and Director
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its
directors, or its officers with respect to the future business activities and operating performance of
the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" and similar expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking statements. Investors are cautioned that any such forward-
looking statements are not guarantees of future business activities or performance and involve risks
and uncertainties, and that the Company's future business activities may differ materially from those
in the forward-looking statements because of various factors. Such risks, uncertainties and factors
are described in the periodic filings with the Canadian securities' regulatory authorities, including
quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at
www.sedar.com
. Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated, or
expected.
Although the Company has attempted to identify important risks, uncertainties and factors which
could cause actual results to differ materially, there may be others that cause results not to be as
intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and
does not assume any obligation, to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this
news release.
SOURCE
Metallis Resources Inc.
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For further information:
Tel: 604-688-5077, Email: [email protected], Web:
www.metallisresources.com
CO: Metallis Resources Inc.
CNW 09:00e 22-JUN-21